Property profile

1202 Versailles Rd Lexington, KY 40508

OFF-MARKET
Retail space
Property ID
US34-0666965
3,422 SF 0.63 ac lot Built 2000
Entity Owned Absentee Owner Free & Clear
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2000
Total area 3,422 SF
Lot 0.63 ac (27,356 SF)
Zoning code B-1
APN 12362800
UPID US34-0666965

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Cafe & Coffee Shop
  • Grocery & Convenience Store Food Market
  • (Bike/Boat/Book/etc) Store

Location

1202 Versailles Rd Lexington, KY 40508-3118
Lexington metro Census 900 LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$933k
Blend (final) Blend
$565k

Owner & transaction history

Zoning & alternative use

B-1 · Lexington, KY
Zoning description

2. The principal permitted uses of the P-1 and B-1 zones, except as specifically prohibited hereinbelow. (c) Accessory Uses. The following shall be considered accessory uses in the MU-1 zone: 1. The accessory uses permit…

General category COMMERCIAL
Top alternative use upside
Auto repair, garage $1.3M +88.1%
Commercial (general) $915,000 +37.4%
Office building $715,000 +7.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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